πSniperoo Trading Strategies
One of the features that makes Sniperoo an advanced trading tool is the ability to create different trading strategies and save them as presets.
What does "Strategy" mean in Sniperoo's context
Strategy on Sniperoo represents a set of trading parameters that will execute when you trade tokens & coins.
Let's look at Sniperoo's default strategy - the Manual Trading Strategy:
As the name of this strategy says, the Manual Trading Strategy is entirely manual trading, meaning it has both Auto-Buy and Auto-Sell parameters disabled.
This means that whenever you trade a token you will be buying it and selling it manually.
Now, let's look into a more complex strategy:
In this simple auto-sell strategy we configured the Auto-Sell mode to SIMPLE and set the following auto-sell triggers:
Take Profit: 50%
Stop Loss: 25%
In this strategy, you will automatically sell all your tokens from the position when one of these two triggers is reached, i.e. the price of the token/coin increases by 50% or drops by 25%.
This kind of strategy allows you to buy tokens/coins and leave our platform sell them automatically.
Finally, let's check a limit-buy (auto-buy) strategy:
The strategy above contains more complex set of parameters that will be executed whenever you want to start a trade.
In this particular example we have both the Auto-Buy and Auto-Sell modes on with the specfic parameters:
Order expiration: 4 hours
Stop-loss type: Trailing
Trigger: Price Change
Initial stop-loss percentage: 25%
Price change: -25% to -35% price drop
Grid system: 2 grid levels
When you use this strategy to buy tokens/coins you are placing a limit-buy order with a advanced auto-sell settings, instead of buying them immediately.
In case the token doesn't satisfy your Limit-Buy parameters during the set time interval (in this case 4 hours), the Limit-Buy order will expire without purchasing the tokens. Check the Auto-Buy docs page for more info.
Furthermore, this strategy uses a multi-leveled grid-sell system combined with a trailing stop-loss. To understand how this works, check the Advanced Auto-Sell page and the Trailing Stop-Loss page.
This is an advanced trading strategy and it is important to understand what you are doing before opening positions with it.
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